Veronique de Rugy is the George Gibbs Chair in Political Economy and a senior…
The wave of ‘shrinkflation’ came in response to the rise in inflation the country experienced starting in 2021, so it is baffling that the president would make such a big deal out of it now.
Given the slim profit margins banks earn on small bank accounts, the loss of overdraft revenue could lead to the abandonment of the poorer customers interventionists claim to be protecting.
Imagine credit-card debt equal to your yearly salary, interest costs piling up and more inevitable debt coming your way. Congress doesn’t seem to mind.
While much of our economy remains relatively free, Democrats and Republicans are embracing economic policies that are strikingly, similarly, and increasingly collectivist.
Elevated interest payments should be at the center of all candidates’ presidential plans because they will either reduce the ability to spend money or to cut taxes.
This bodes poorly for the economy, as populism has a track record of producing results opposite what their proponents promise.
© 2024 The New York Sun Company, LLC. All rights reserved.
Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.
A verification code has been sent to
Didn't get a code? Click to resend.